Treasury Notes

TARP: By the Numbers

By:
Steve Adamske

3/11/2011

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You may have seen a lot of news stories recently about Treasury’s efforts to wind down TARP and exit its investments in private companies. And most of those stories include a sea of numbers about the program: How much it’s expected to cost. How much money has gone out the door. How much has been repaid. And many others.

If you don’t follow TARP on a day-to-day basis, it might be hard to keep all of them in perspective. That’s why we put together the following chart that boils down some of the key facts about TARP, by the numbers.

$28 Billion: Estimated cost when also including AIG common stock held outside of

TARP (President’s FY2012 Budget)

8.5 Million: Additional jobs that would have been lost without the federal

government’s response to the financial crisis, including TARP and the American Reinvestment and Recovery Act – according to a study by economists Marc Zandi and Alan Blinder (How the Great Recession Was Brought to an End, July 2010)

88,600: Number of jobs the auto industry has added since GM and Chrysler emerged from bankruptcy – the strongest job growth in that industry in more than a decade.

$13.5 Billion: Taxpayer proceeds from the November 2010 GM IPO, which cut Treasury’s common stock stake in that company nearly in half